The Real Estate Developers’ Association of Singapore (REDAS) has announced significant progress with its Real Estate Analytics Performance Indicators Dashboard (RAPID), which has been adopted by over 20 development projects across various asset classes. Launched in November 2023, RAPID is designed to enhance digital project delivery within Singapore’s built environment sector.
RAPID’s adoption spans private residential, hotels, mixed-use integrated developments, and institutional sites, representing approximately 35% of the Gross Floor Area (GFA) from Building Under Construction residential sites awarded between 2023 and 2024. Chew Peet Mun, Co-Chair of the REDAS Lead Project Steering Committee, expressed satisfaction with the industry’s support, stating, “We are pleased by the industry support for RAPID, which REDAS championed as a digital building block compliant with the common data environment.”
The platform, developed by REDAS in collaboration with industry players, aggregates data from multiple systems to provide a comprehensive view of key performance indicators such as Time, Cost, Quality, and Safety. It is compatible with widely used platforms like Excel, MS Project, and Autodesk Construction Cloud, making it adaptable to existing workflows.
RAPID is part of the broader Built Environment Industry Transformation Map and is supported by Enterprise Singapore’s LEAD programme. It has also received endorsements from government agencies including the Building and Construction Authority (BCA) and Housing Development Board (HDB). Looking ahead, REDAS aims to enhance RAPID’s capabilities with AI-powered predictive analytics, positioning it as a future-ready platform for high-performance developments.
As Singapore’s real estate sector faces challenges such as rising costs and sustainability expectations, RAPID offers a strategic, data-driven pathway to navigate these complexities.
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